With every fresh business disruption, a corporate audit committee sweats

Kristy Carscallen is Canadian managing partner, audit, with KPMG in Canada. Kristy Carscallen is Canadian managing partner, audit, with KPMG in CanadaInvestors have undoubtedly noticed all the talk about business disruption, as public companies describe the technology and market forces that are unleashing agile new competitors, enabling innovation and triggering organizational transformation. Just as shareholders are trying to decipher the impact, so, too, are corporate audit committees. Already grappling with mounting business and regulatory complexity, corporate boards are always trying to enhance their professional knowledge and oversight capabilities.Although the audit profession tends to be stable and predictable, there have been milestone moments heralding important benefits for the investing public. Just as the U.S. Sarbanes-Oxley Act upped the stakes, driving improved oversight of financial reporting, internal controls and risk-management practices, business…


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